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✕October 17, 2023
Taxpayers have an opportunity to utilize net operating losses (NOLs) generated on their personal and corporate tax returns generated in tax year 2023 by carrying forward […]
October 11, 2023
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Taxpayers can only claim medical expenses that they paid […]
October 3, 2023
Consolidated Appropriations Act, 2021 Under the Consolidated Appropriations Act, 2021, a pension plan will not fail to meet qualification requirements solely because it provides for a […]
September 27, 2023
Rental Property as Qualified Business Income If you operate a rental real estate business, you may qualify to claim the business income deduction under Section 199A […]
September 22, 2023
Kiddie Tax Taxpayers with dependents who have unearned income during the year might want to consider some year-end tax planning strategies to reduce their overall tax […]
September 19, 2023
Tax Benefits of Cost Segregation Business and individual taxpayers that acquire nonresidential real property or residential rental property have an opportunity to reduce the depreciable lives […]
September 15, 2023
Employer Tax Credit for Paid Family & Medical Leave The Consolidated Appropriations Act, 2021 extends the employer credit for paid family and medical leave through December […]
September 13, 2023
Rental Real Estate Landlords should be aware that keeping accurate accounting records is just as important as collecting the rent on time each month. If a […]
July 11, 2019
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social […]
July 3, 2019
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: […]
July 2, 2019
To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can […]
July 2, 2019
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating […]